60-unit rental development proposed for the corner of Clark & Ainslie in Uptown

A vacant lot and former auto garage located at 4906-4918 N. Clark Street in Uptown could be the site of a new six-story, 60-unit rental development. While similarly-sized Transit-Oriented Developments (TODs) with low parking to dwelling ratios seem to be all the rage these days across Chicago’s north side, this particular project is located too far from mass transit and will instead be fully parked with no less than 62 vehicular stalls.

Building design comes from Chicago-based Axios Architects and will include a mix of 4,- 3-, 2- and 1-bedroom apartments, ground floor retail space, and six affordable-rate units per Chicago’s Affordable Rate Ordinance (ARO). Project applicant Michael Cordaro of Peerless Development LLC is seeking to rezone the parcel—which is currently designated C1-2 and B3-2—to a uniform B2-3.

First reported by Uptown Update, the proposal will be heard at a 47th Ward Zoning Advisory Committee meeting scheduled for Thursday, March 30th prior to going before the City of Chicago for final approvals. Based on a development summary sheet posted on the website of Ald. Ameya Pawar, the project’s developers aren’t planning to break ground until the spring of 2018 and anticipate roughly a year of construction.

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• 60 Rental Units Proposed For Vacant Lots At Clark & Ainslie [Uptown Update]
• Upcoming Agenda & Recently Reviewed Zoning/Development Cases [47th Ward]
• Uptown Archives [Curbed Chicago]